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Radio France Internationale
Radio France Internationale
National
Jan van der Made

France braces for economic judgment amid political turmoil and record debt

A view of the economy and finance ministry in Paris, France. The country is facing its biggest budget deficit ever. © REUTERS - Abdul Saboor

France's financial future is under close scrutiny this month as two of the world's top credit rating agencies assess the country's ability to manage its mounting debt. Meanwhile, a hung parliament, fierce budget debates and a record-high deficit have brought the economy to the edge of crisis.

A week ago Fitch upheld France’s AA- credit rating, but downgraded its outlook from "stable" to "negative". Moody’s will deliver its judgment next Friday, with Standard & Poor's following in November.

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